Prysmian S.p.A. (0NUX.IL)
- Reuters
Italy's Prysmian to invest 200 million euros to build U.S. submarine cable plant
Italy's Prysmian plans to invest around 200 million euros ($226 million) to build a plant in the U.S. to produce submarine power transmission cables, CEO Valerio Battista said to the media in remarks confirmed by a company spokesman. The plant, to be built in Brayton Point, Massachusetts, is part of two contracts worth a total of almost $900 million that the world's largest cable maker has won in the Unites States on two offshore wind farm projects. Battista said the company would officially proceed with the plan after it completes "a due diligence on permits and feasibility" for the plant in mid-January.
- Reuters
EU sets tariffs on Chinese optical fibre cables
The European Union said on Thursday it will impose tariffs on optical fibre cables from China after an investigation found they were being sold at artificially low prices. The European Commission, which conducted the inquiry, has set duties of 19.7% for ZTT group companies including Jiangsu Zhongtian Technology Co and 31.2% for other cooperating companies. For FTT group companies such as FiberHome Telecommunication Technologies Co Ltd and all other companies the tariff will be 44.0%.
